APRIL 20]

him in this behalf, doth hereby consent to the raising in New Zealand
by the said local authority of the said sum up to the amount of seven
thousand five hundred pounds (£7,500) for the purpose for which the
said loan was authorized, and in giving such consent doth hereby
determine as follows :-

(1). The rate of interest that may be paid in respect of the said
sum or any part thereof shall be such as shall not produce to the
lender or lenders a rate or rates exceeding three pounds five shillings
(£3 5s.) per centum per annum.

(2) The said sum, together with interest thereon, shall be repaid
by half-yearly instalments of the amounts set out in the Schedule
hereunder. Each such half-yearly instalment includes a repayment
of principal amounting to two hundred and fifty pounds (£250) and
a half-year's interest on the amount of principal outstanding
immediately prior to the date of payment of such instalment. The
first instalment shall be payable on the third day of September one
thousand nine hundred and fifty-five, and thereafter the instalments
shall be payable half-yearly on the third day of March and September
in each year up to and including the third day of March, one thousand
nine hundred and seventy.

SCHEDULE

Number of Amount. Number of Amount.
Instalment. Instalment.

1st .. .. 370 6 3 16th .. .. 310 18 9
2nd .. .. 366 8 1 17th .. .. 306 17 6
3rd .. .. 362 10 0 18th .. .. 302 16 3
4th .. .. 358 11 10 19th .. .. 298 15 0
5th .. .. 354 13 9 20th .. .. 294 13 9
6th .. .. 350 15 7 21st .. .. 290 12 6
7th .. .. 346 17 6 22nd .. .. 286 11 3
8th .. .. 342 19 4 23rd .. .. 282 10 0
9th .. .. 339 1 3 24th .. .. 278 8 9
10th .. .. 335 3 1 25th .. .. 274 7 6
11th .. .. 331 5 0 26th .. .. 270 6 3
12th .. .. 327 3 9 27th .. .. 266 5 0
13th .. .. 323 2 6 28th .. .. 262 3 9
14th .. .. 319 1 3 29th .. .. 258 2 6
15th .. .. 315 0 0 30th .. .. 254 1 3

(3) The payment of such instalments shall be made in New
Zealand, and no instalment shall be paid out of loan-moneys.

(4) The rate payable for brokerage, underwriting, and procura-
tion fees in respect of the raising of the said loan or any part thereof
shall not in the aggregate exceed one-half per centum of any amount
raised.

(5) No moneys shall be borrowed under this consent after the
expiration of two years from the date hereof.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/176/8.)

Consenting to the Raising of a Loan of £5,500 by the Hauraki Catchment
Board and Prescribing the Conditions Thereof

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 23rd day of
March, 1950
Present:

THE HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS the Hauraki Catchment Board (hereinafter called
the said local authority) proposes, pursuant to the provisions of
section thirty of the Soil Conservation and Rivers Control Act, 1941,
to raise a loan of five thousand five hundred pounds (£5,500) to be
known as "Plant Loan, 1950" (hereinafter called the said loan)
for the purpose of purchasing plant :

Now, therefore, His Excellency the Governor-General of the
Dominion of New Zealand, acting by and with the advice and consent
of the Executive Council of the said Dominion, and in pursuance
and exercise of the powers and authorities conferred on him by section
eleven of the Local Government Loans Board Act, 1926, as set out
in section twenty-nine of the Finance Act, 1932 (No. 2), and of all
other powers and authorities enabling him in this behalf, doth hereby
consent to the raising by the said local authority for the said loan for
the said purpose up to the amount of five thousand five hundred
pounds (£5,500) and in giving such consent doth hereby determine
as follows:-

(1) The term for which the said loan or any part thereof may
be raised shall not exceed eight (8) years.

(2) The rate of interest that may be paid in respect of the said
loan or any part thereof shall be such as shall not produce to the
lender a rate exceeding three pounds ten shillings (£3 10s.) per
centum per annum.

(3) The said loan or any part thereof together with interest
thereon, shall be repaid by equal aggregate annual instalments
extending over the term as determined in (1) above.

(4) No moneys shall be borrowed under this consent after the
expiration of two years from the date hereof.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/735.)

461

Consenting to the Raising of a Loan of £1,280 by the Raglan County
Council and Prescribing the Conditions Thereof

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 29th day of
March, 1950
Present :

THE HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS the Raglan County Council (hereinafter called the
said local authority) proposes, pursuant to the provisions
of section three of the Main Highways Amendment Act, 1928, to
borrow the sum of one thousand two hundred and eighty pounds
(£1,280) by a loan to be known as "Main Highways Loan No. 2,
1950" (hereinafter called the said loan) for the purpose of providing the Council's share of the cost of reconstruction work on the
Ngaruawahia-Waingaro Main Highway :

Now, therefore, His Excellency the Governor-General of the
Dominion of New Zealand, acting by and with the advice and consent
of the Executive Council of the said Dominion, and in pursuance
and exercise of the powers and authorities conferred on him by
section eleven of the Local Government Loans Board Act, 1926,
as set out in section twenty-nine of the Finance Act, 1932 (No. 2),
and of all other powers and authorities enabling him in this behalf,
doth hereby consent to the raising by the said local authority of
the said loan for the said purpose up to the amount of one thousand
two hundred and eighty pounds (£1,280) and in giving such consent
doth hereby determine as follows :-

(1) The term for which the said loan or any part thereof may
be raised shall be seven (7) years.

(2) The rate of interest that may be paid in respect of the said
loan or any part thereof shall be such as shall not produce to the lender
a rate exceeding three pounds ten shillings (£3 10s.) per centum
per annum.

(3) The said loan or any part thereof, together with interest
thereon, shall be repaid by equal aggregate annual instalments
extending over the term as determined in (1) above.

(4) No moneys shall be borrowed under this consent after the
expiration of two years from the date hereof.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/103.)

Consenting to the Raising of a Loan of £2,250 by the Raglan County
Council and Prescribing the Conditions Thereof

B. C. FREYBERG, Governor-General
ORDER IN COUNCIL
At the Government Buildings at Wellington, this 23rd day of
March, 1950
Present:

THE HON. S. G. HOLLAND PRESIDING IN COUNCIL
WHEREAS the Raglan County Council (hereinafter called the
said local authority) proposes, pursuant to the provisions
of section three of the Main Highways Amendment Act, 1928, to
borrow the sum of two thousand two hundred and fifty pounds
(£2,250) by a loan to be known as "Main Highways Loan, 1950"
(hereinafter called the said loan) for the purpose of providing the
Council's share of the cost of reconstructing the Huntly-Rotowaro
Main Highway :

Now, therefore, His Excellency the Governor-General of the
Dominion of New Zealand, acting by and with the advice and consent
of the Executive Council of the said Dominion, and in pursuance
and exercise of the powers and authorities conferred on him by
section eleven of the Local Government Loans Board Act, 1926,
as set out in section twenty-nine of the Finance Act, 1932 (No. 2),
and of all other powers and authorities enabling him in this behalf,
doth hereby consent to the raising by the said local authority of
the said loan for the said purpose up to the amount of two thousand
two hundred and fifty pounds (£2,250) and in giving such consent
doth hereby determine as follows :-

(1) The term for which the said loan or any part thereof may
be raised shall be seven (7) years.

(2) The rate of interest that may be paid in respect of the said
loan or any part thereof shall be such as shall not produce to the
lender a rate exceeding three pounds ten shillings (£3 10s.) per
centum per annum.

(3) The said loan or any part thereof, together with interest
thereon, shall be repaid by equal aggregate annual instalments
extending over the term as determined in (1) above.

(4) No moneys shall be borrowed under this consent after the
expiration of two years from the date hereof.

T. J. SHERRARD,
Clerk of the Executive Council.
(T. 49/103.)